MORRIS CHARTER INC

EIN: 991146829 501(c)(3) Community Improvement

PATERSON, NJ

Total Revenue
$763,312
Total Expenses
$334,193
Total Assets
$17,149,185
Net Assets
$429,119
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
NJ
Principal Officer
ROBERT GUARASCI
Phone
9734131600
Tax Period
2024-07-01 to 2025-06-30

MORRIS CHARTER INC, founded in 2024, is a small nonprofit in the Community Improvement sector that reported $763K in total revenue in fiscal year 2024. The organization ran a surplus of $429K, a strong 56% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITY AND COMMUNITY DEVELOPMENT IN THE CITY OF PATERSON.

Program Service Accomplishments

Program 1
Expenses: $328,599 Revenue: $733,096

FUNDS TO SUPPORT EDUCATIONAL PROGRAMMING AT THE COMMUNITY CHARTER SCHOOL OF PATERSON TO BENEFIT THE MIDDLE SCHOOL STUDENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $733,096
Investment Income $30,216
Other Revenue $0
TOTAL REVENUE $763,312

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $328,599
Other Expenses $334,193
TOTAL EXPENSES $334,193

Year-over-Year Comparison

2024 2023 Change
Revenue $763,312 N/A N/A
Expenses $334,193 N/A N/A
Net Income $429,119 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$487,996
Total Directors
2
$487,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT GUARASCI PRESIDENT 1.00
Officer Director
$0 $12,681 $287,121
KATHIE MENDEZ SECRETARY/TREASURER 1.00
Officer Director
$0 $29,074 $200,875
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $763,312 $334,193 $17,149,185 $429,119
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